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AFRICOAST ENERGY LAUNCHED
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AFRICOAST ENERGY LAUNCHED

FOLLOWING significant growth in the renewable energy business, 
AfriCoast Engineers SA has developed a sister company to exapnd
its vision.
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Industry News

SAPVIA calls for fair access to limited grid as new renewable utility Eskom Green powers up

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Industry organisation the South African Photovoltaic Industry Association (SAPVIA) welcomes the establishment of State-owned renewable-energy utility Eskom Green, but calls for assurance that access to the limited grid capacity will be shared equitably by all independent power producers and players. The establishment of Eskom Green recognises that utility-scale renewable energy and energy storage will be central to delivering long-term energy security, supporting economic growth and attracting investment into the country's energy infrastructure.

Structural reforms gain traction but criminal justice enforcement lags, BLSA says

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There are emerging signs that South Africa’s structural reforms are slowly improving the country’s investment potential. In her weekly newsletter titled 'Three good news signals, one unfinished task: unlocking investment', business organisation Business Leadership South Africa (BLSA) CEO Busi Mavuso highlights that the 0.5% GDP growth, Fitch ratings upgrade, and the Port of Durban’s recognition as the world most improved port by international financial organisation the World Bank all reflect successful structural reform efforts and point to a stabilising fiscal outlook following years of decline.

Fitch upgrades Eskom to B+, in line with South Africa's credit rating

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Credit rating agency Fitch Ratings has upgraded State-owned Eskom's credit rating to B+ with a stable outlook, up from a B rating, in line with the recent improvement in South Africa’s sovereign credit rating. Specifically, Fitch upgraded Eskom's long-term Issuer default ratings to B+ with a stable outlook; its senior unsecured debt to B+ with its recovery rating of RR4 unchanged; and Eskom's guaranteed senior unsecured debt to BB from BB-.

TIA, Coega form industrialisation innovation partnership

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The Coega Development Corporation (Coega) and the Technology Innovation Agency (TIA) have formed a partnership to advance South Africa’s innovation and industrialisation agenda. The strategic partnership is aimed at unlocking the full potential of innovation-led growth. Based in the Coega Special Economic Zone (SEZ), the collaboration aims to strengthen the link between research, innovation, technology development and commercialisation, and thereby contribute to sustainable socioeconomic development.

Interviews of candidates to fill nuclear regulator board vacancies have been completed

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Parliament’s Portfolio Committee on Electricity and Energy has completed its interviews of candidates to fill vacancies on the board of the National Nuclear Regulator (NNR) and has agreed on which of them to recommend to Electricity and Energy Minister Dr Kgosientsho Ramokgopa for appointment to the board. The vacancies are for the community representative and the labour representative. The final candidates selected by the committee for community representative are Ernest Tladi and Dr Mosebetsi Leotlela. Those recommended for labour representative are Dr Pulane Elsie Molokwane, Dr Margaret Msongi Mkhosi-Motsaathebe, David Lefutso, Dr Nomcebo Serrah Mhlanga, Grant Son, Zandile Matshaya, Mudanalwo Freddy Ndou, and Lean Mayana Makhubele.
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